Panzura received new fresh $80 million

Panzura, a player in global file service, just announced a new round of investment with $80 million for its Series B for a total of $170 million according to Crunchbase. Of course the valuation is not mentioned, the company being in a recovery and reformatting mode, and it's worth to mention that the only unicorn in this category is Nasuni. Coldago Research will publish its new report in June. This confirms the new period started in May 2020 under Jill Stelfox as CEO and Dan Waldschmidt as CRO after several years of business failures and difficulties. So far, the new Panzura demonstrated interesting positive metrics like x4 growth, 97% retention rate and 87 NPS score. This is clearly a positive sign for Panzura after several years of doubt that positioned the company in a negative zone. It illustrates once again that the cloud and global file service is a real trend and market segment already well covered by CTera Networks, Nasuni and Hammerspace among others. We'll monitor carefully the next few months for Panzura and we'll see if an exit is around the corner... as the company was founded in 2008, 14 years ago, and still not profitable, not public, still independent and clearly under the radar almost as a zombie company.